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Marquis Jewelers has expected earnings per share of $2.80 and an expected earnings growth rate of 4.5%. The discount rate on the stock is 11%

Marquis Jewelers has expected earnings per share of $2.80 and an expected earnings growth rate of 4.5%. The discount rate on the stock is 11% and the retention ratio is 20%. What is the current value (price) of this stock?

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